TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Thursday reported a second-quarter loss of $54.1 million, after reporting a profit in the same period a year earlier.
The Toronto-based company said it had a loss of 21 cents per share. Losses, adjusted for non-recurring costs and pretax expenses, were 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The mining company posted revenue of $329.4 million in the period, exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $314.4 million.
In the final minutes of trading on Thursday, the company's shares hit $3.56. A year ago, they were trading at $5.05.